Articles posted by Werner Law Firm

Living Trusts

The Truth About Living Trusts

Living trusts are excellent estate planning documents with a lot of flexibility and utility. Through a living trust, wealthy individuals with very complicated estates can better control how their wealth is passed on, and ensure that their will – as in, what they want – is properly communicated past their death. But a living trust

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Trustees' Deeds and Duties - Werner Law Firm

Trustees’ Deeds and Duties

A trustee is anyone managing a trust in the name of a grantor or trustor, for the benefit of a beneficiary. Trustees have a fiduciary duty to act in a trust’s beneficiary’s best interests, managing the trust until it is completed or terminated. This goes for living trusts and testamentary trusts, as well as deeds

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Estate Disputes

Avoiding Potential Estate Disputes

Estate planning exists to prevent estates from going up in smoke throughout the process of transferring wealth after death. What is meant to be a time of grief and peace can turn into legal turmoil, familial subterfuge, and substantial amounts of time and money wasted. Estate disputes can fuel these spectacular losses, turning a routine

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5 Elements of a Well-Crafted Living Trust - Werner Law Firm

5 Elements of a Well-Crafted Living Trust

When it comes to estate planning, living trusts are an incredibly reliable tool for ensuring that your estate is protected against probate, and ready to pass into the hands of your loved ones. However, setting up a living trust takes a little time, and a few resources. Let’s go over the basics of setting up

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A Guide to Estate Planning When You’re Young

A Guide to Estate Planning When You’re Young

The time to start estate planning for the inevitable is not when you have retired, but when your life as an adult truly begins. We are all saddled with legal, personal, and financial responsibilities from our early 20s and onwards, from the right to vote and drink, manage our own financial decisions, and being held

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Avoiding Probate on Investments with a TOD

Avoiding Probate on Investments with a TOD

Upon death, a person’s belongings pass through the probate process to clarify and establish the contents of the estate on record and determine who gets what. Without any documents indicating the decedent’s will, the state determines how an estate is distributed as per existing intestate laws. If a will exists, it passes through probate and

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